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Did the bailout plan temporarily slow down Real Estate market?

November 11th, 2009 by admin
Estate Agent slow
We’ve had our home on the market since August, and we were averaging about 3 showing per week. Then when the bailout crap started, we did not have an agent show our house for about a month straight. We finally started having people start looking again in the past 7 days, so far about 4 people this week have seen it. Has anyone in the business noticed this or anyone with a home on the market? I know the market had slowed down anyway earlier in the year, but wasn’t sure if this also affected it.

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3 Responses to “Did the bailout plan temporarily slow down Real Estate market?”

  1. 1src50

    No. Tight credit has slowed it down.

    Comment on Nov 12th, 2009 at 2:35 am  
  2. 2golferwhoworks

    no but the fact there is so much inventory to look at plus getting financed is the problem with a lot of people

    Comment on Nov 13th, 2009 at 4:28 pm  
  3. 3James M

    The other thing that is slowing it down is concerns about the pricing bottom in the market potentially not being reached yet. Why buy something for fifty dollars now if you can get it for forty in six months, that kind of thing.

    It might be some time still before buyer confidence is restored, I know that it will be some time for mine to be restored anyway.

    Comment on Nov 13th, 2009 at 8:10 pm  
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